Apple Settles Lawsuit Over iPhone Water Damage

Apple agreed to pay $53 million in the settlement of a class-action lawsuit stemming from water damage to iPhones and iPods. George Stahl explains. Photo: Getty Images.

This transcript has been automatically generated and may not be 100% accurate.

... the the ... but stick with Apple ... to sell we also have the story where ... they lost to sell ... its appliances ploy to get some new licenses there was a key to this tells me that the yen eighty three to pay fifty three million dollars to settle case in which ... he embellishing fifty three thousand customers said that there are one C was voided ... for water damage that they claimed in the car that point Apple's ... I Phones and I pods there was a device indicator inside of an NDP when there is water damage and that we will wait any warranty ... but the ALM ... plaintiffs argued ... that this indicator could be triggered by many the or moisture and not be an indication ... of severe water damage that would be enough to void the warranty terms of the first on Apple's had to deal with complaints about the wonky yet we need a guaranteed and problems in a chair with with the pointy problem and and ... aam ... and and and all the cases through the years ... and and ... in this particular case ... the potential penalties range from monthly blog ... in the high thirties to to triple digits and ... the altars somewhere was posted to the lower and out of that that empties Yelp ... lab they do eat into China's practices don't want to know if ... I don't know but then don't know if if this is an indicator that is still being used in an Apple product and the Nikkei was made by by three am ... on and and this is the scene dealt with I Phones and eye pots ... not necessarily eye pads ... well thanks very much to be tied to a costs order type of open now